The local data company said most of the home loans that are entering default are from 2005-2007. Where are we now? The median time of origination for these troubled loans is late 2006, which "has been the case for three years," Monday's DataQuick report said.

The distressed market in San Diego County may be improving on a quarter to quarter basis, but we see a different picture when we dice it by month.

There were 1,436 mortgage defaults in June, up 7.2 percent from May and up 6.1 percent from a year ago.

Foreclosures increased 2.5 percent to 437 when comparing June to May, but they dropped by 54 percent from a year ago.

Still, June's numbers are significant improvements from five years ago, based on DataQuick averages.